The Annapolis City Council will hold its regular meeting and a public hearing at 7:30 p.m. on Monday, May 10, in City Council Chambers, 160 Duke of Gloucester Street, Annapolis. The Council will consider public testimony on the following matters:
Constant Yield Tax Rate - The City Council of the City of Annapolis proposes to increase real property taxes. For the tax year beginning July 1, 2010, the estimated real property assessable base will increase by 2.3% from $6,140,433,802 to $6,283,833,633. If the City of Annapolis maintains the current tax rate of $0.53 per $100 of assessment, real property tax revenues will increase by 2.3%, resulting in $760,019 of new real property tax revenues. In order to fully offset the effect of increasing assessments, the real property tax rate should be reduced to $0.5179, the constant yield tax rate. The City is considering not reducing its real property tax rate enough to fully offset increasing assessments. The City proposes to adopt a real property tax rate of $0.53 per $100 of assessment. This tax rate is 2.3% higher than the constant yield tax rate and will generate $760,019 in additional property tax revenues.
CA-05-10 Department of Central Services - For the purpose of eliminating the Department of Central Services.
O-11-10 Department of Central Services - For the purpose of eliminating the Department of Central Services.
O-14-10 Clean Energy Loan Program - For the purpose of establishing a Clean Energy Loan Program to encourage energy efficiency improvements and renewable energy production equipment, pursuant to Ordinance O-33-08 and Maryland State law.
R-05-10 Capital Improvement Budget and Program: FY 2011 to FY 2016 - For the purposes of adopting a capital improvement budget for the Fiscal Year 2011, and a capital improvement program for the six-year period from July 1, 2010, to June 30, 2016. (On agenda solely for reception of Planning Commission findings.)
R-15-10 Five-Year Consolidated Housing and Community Development Strategic Plan - For the purposes of adopting a Five-Year Consolidated Housing and Community Development Strategic Plan for the period beginning July 1, 2010, through June 30, 2015.
For more information, please contact Seth B. Zirkle, Legislative and Policy Analyst with the Office of Law, at (410) 263-1184 or sbzirkle@annapolis.gov.Constant Yield Tax Rate - The City Council of the City of Annapolis proposes to increase real property taxes. For the tax year beginning July 1, 2010, the estimated real property assessable base will increase by 2.3% from $6,140,433,802 to $6,283,833,633. If the City of Annapolis maintains the current tax rate of $0.53 per $100 of assessment, real property tax revenues will increase by 2.3%, resulting in $760,019 of new real property tax revenues. In order to fully offset the effect of increasing assessments, the real property tax rate should be reduced to $0.5179, the constant yield tax rate. The City is considering not reducing its real property tax rate enough to fully offset increasing assessments. The City proposes to adopt a real property tax rate of $0.53 per $100 of assessment. This tax rate is 2.3% higher than the constant yield tax rate and will generate $760,019 in additional property tax revenues.
CA-05-10 Department of Central Services - For the purpose of eliminating the Department of Central Services.
O-11-10 Department of Central Services - For the purpose of eliminating the Department of Central Services.
O-14-10 Clean Energy Loan Program - For the purpose of establishing a Clean Energy Loan Program to encourage energy efficiency improvements and renewable energy production equipment, pursuant to Ordinance O-33-08 and Maryland State law.
R-05-10 Capital Improvement Budget and Program: FY 2011 to FY 2016 - For the purposes of adopting a capital improvement budget for the Fiscal Year 2011, and a capital improvement program for the six-year period from July 1, 2010, to June 30, 2016. (On agenda solely for reception of Planning Commission findings.)
R-15-10 Five-Year Consolidated Housing and Community Development Strategic Plan - For the purposes of adopting a Five-Year Consolidated Housing and Community Development Strategic Plan for the period beginning July 1, 2010, through June 30, 2015.
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